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LyondellBasell and Sinopec announced plans to form a 50/50 joint venture to build a propylene oxide and styrene monomer manufacturing complex at Zhenhai, Ningbo, China, with capacity of 300,000 t/y PO and 600,000 t/y SM. Construction begins in early 2020 with start-up expected in 2022.
“Joint ventures in strategic regions are an important part of our growth strategy.”everchem.com
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